In response to the evolving post-pandemic dining preferences, Singapore-based food delivery giants, Grab and Foodpanda, are venturing into the dine-in market. With a keen eye on the rising demand for eating out, Grab has initiated trials of its dine-in feature in 15 cities across Singapore, Thailand, and Indonesia. This innovative ...
Read More »AMD Contemplates Developing a Dedicated A.I. Chip for China to Meet Export Control Requirements
During an earnings call on Tuesday, AMD’s CEO, Lisa Su, revealed the company’s intention to explore the development of a dedicated artificial intelligence (A.I.) chip tailored specifically for the Chinese market. The move comes as a response to U.S. export restrictions, with AMD seeking to comply fully with these regulations. ...
Read More »VinFast, Vietnam’s Electric Vehicle Maker, to Finally Commence Construction on U.S. Factory
VinFast, the Vietnamese electric vehicle manufacturer, has officially confirmed with CNBC that it will commence construction of its electric vehicle factory in North Carolina on Friday morning local time. The automaker expressed its excitement about this significant milestone in VinFast’s history in the United States, with CEO Le Thi Thu ...
Read More »Elon Musk Renames Twitter as ‘X’ and Replaces Iconic Bird Logo
In a sweeping rebranding move announced over the weekend on the social media site, Elon Musk, the owner of Twitter, officially replaced the company’s iconic bird logo with an “X” on Monday. After acquiring the platform for $44 billion in late last year, Musk announced in a post on Sunday ...
Read More »Major European Food Delivery Firm Expands in the Middle East with $300 Million Saudi Deal
German online food delivery company, Delivery Hero, announced on Friday that it is acquiring full ownership of its Saudi subsidiary, HungerStation, in a deal valued at $297 million. This transaction involves purchasing the remaining 37% stake in HungerStation, which currently operates Delivery Hero in Saudi Arabia. The move reflects Delivery ...
Read More »Indian Tech Professional Let Go by Qualcomm Faces Urgency in Job Search
Following a layoff by Qualcomm, an Indian tech professional, who had been with the company for less than a year, has taken to LinkedIn to reach out to their network for job referrals. Highlighting the pressing nature of their situation, the individual emphasized their limited time as they hold an ...
Read More »U.S. Online Sales Surge to $12.7 Billion as Amazon Celebrates ‘Biggest Ever’ Prime Day
During Amazon’s Prime Day promotion, online spending in the U.S. experienced a 6.1% increase, reaching a staggering $12.7 billion, as reported by Adobe Analytics. This surge in online sales was driven by consumers seeking enticing deals on home goods and household essentials. Amazon proudly declared this year’s Prime Day as ...
Read More »Tesla Surges Over 7% as Delivery and Production Figures Exceed Expectations
In Monday morning trading, Tesla experienced a notable surge of over 7% in its share value. This significant increase can be attributed, at least in part, to the impressive second-quarter delivery and production figures that surpassed market expectations. Investors responded positively to the news, driving up the stock price as ...
Read More »Apple Achieves Historic Milestone as Market Cap Surpasses $3 Trillion
In a historic moment, Apple’s market capitalization surpassed the $3 trillion mark for the first time on Friday. The achievement came as Apple’s shares experienced a rise of approximately 2.31%, reaching a new record high and surpassing the price threshold of $190.73 necessary to reach this significant milestone. These details ...
Read More »Google Streamlines Mapping Products, Triggers Job Cuts at Waze
As part of the integration process between its mapping service Waze and its own map products, Google has announced job cuts within the Waze division. Chris Phillips, who leads Google’s maps division called Geo, shared this information with employees via an email on Tuesday. The email explained that Google is ...
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